MoneyGram International Announces Departure of Chief Financial Officer
(NewDesignWorld Press Release Center) -- MoneyGram International (NYSE:MGI), a global leader in the payment services industry, today announced that Jeffrey R. Woods, executive vice president and chief financial officer, will be departing the company for personal reasons on Jan. 15, 2010.
"I would like to thank Jeff for the contributions that he has made to MoneyGram over the past five months. While his tenure was brief, we appreciate his efforts in helping to position the company for growth in 2010," said Pamela H. Patsley, MoneyGram chairman and CEO. "These decisions are never easy, however, the board and I understand Jeff's reasons and wish him well in his future endeavors."
Woods joined MoneyGram in August of 2009. Following his departure, he will be available to the company on an as-needed basis. The company has begun a search for his successor.
About MoneyGram International
MoneyGram International offers more control and more choices for people separated from friends and family by distance or those with limited bank relationships to meet their financial needs. A leading global provider of money transfer services, MoneyGram International helps consumers to safely send money around the world with funds arriving at available agent locations in as little as 10 minutes. Its global network is comprised of 186,000 agent locations in more than 190 countries and territories. MoneyGram's convenient and reliable network includes retailers, international post offices and financial institutions. To learn more about money transfer at an agent location, please visit www.moneygram.com or find us on Facebook.
SOURCE: MoneyGram International
MoneyGram International
Media:
Lynda Michielutti, 952-591-3846
lmichielutti@moneygram.com
or
Investors:
Alex Holmes, 720-568-8703
aholmes@moneygram.com
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